PROBATE SALE – SYLMAR

PROBATE SALE

BY ORDER OF SUPERIOR COURT

SYLMAR

1/3 INTEREST IN COMMERCIAL PROPERTY

BROCHURE #931

LOCATION:   13864 FOOTHILL BLVD, SYLMAR, CA 91342  APN 2509-003-010

DIRECTIONS:   THOMAS GUIDE (L.A. COUNTY) P. 482, B-3. WEST OF 210 FREEWAY, SOUTH OF POLK STREET.  SHOW ME A MAP

DESCRIPTION:   GREAT OPPORTUNITY TO BUY A 1/3 INTEREST IN A COMMERCIAL PROPERTY LOCATED IN SYLMAR, CALIFORNIA. LOCATED ON FOOTHILL BLVD, A HIGH TRAFFIC/VISIBILITY STREET. THE GATED PROPERTY INCLUDES 2 BUILDINGS, REAR STORAGE YARD AND PARKING. TENANT PAYS $8,800 PER MONTH (LEASE AVAILABLE UPON REQUEST) TENANT HAS FIRST RIGHT OF REFUSAL TO PURCHASE PROPERTY. PERSONAL PROPERTY NOT INCLUDED IN SALE. DO NOT DISTURB TENANT.

INCOME:   $8,800. PER MONTH. LEASED THROUGH 12/1/2020 WITH (1) 5 YEAR OPTION.

LOT SIZE:   40,863± SQ. FT.

ZONED:   LA C2        SUBJECT TO GENERAL PLAN CONFIRMATION

TAXES:   PROPOSITION 13

ESTATE OF DONNA J, BRAY 1/3 INTEREST

TERMS:   CASH. BUYER TO OBTAIN OWN FINANCING. FINANCING IS NOT A CONTINGENCY TO  THIS SALE. PROPERTY SOLD IN “AS IS” CONDITION WITH NO CONTINGENCIES WHATSOEVER. PROPERTY SOLD SUBJECT TO ACCEPTANCE OR REJECTION BY THE ESTATE AND SUBJECT TO COURT CONFIRMATION.

ESCROW PERIOD:   45 DAYS OR SOONER

DEPOSIT:   $10,000 CASH OR CASHIER’S CHECK REQUIRED TO BID. BALANCE OF 10% DEPOSIT BY PERSONAL CHECK. CASHIER’S CHECK SHOULD BE MADE PAYABLE TO FLANS & WEINER, INC.. IN THE EVENT YOUR BID IS REJECTED, DEPOSIT WILL BE REFUNDED WITHOUT INTEREST.

TITLE:   SELLER TO PROVIDE STANDARD TITLE POLICY.

PLEASE CALL FLANS & WEINER, INC. IF YOU HAVE ANY QUESTIONS REGARDING THIS PROPERTY OR THE AUCTION PROCESS (818) 501-4888.

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